Author: Kenney
Publisher:
ISBN: 9781933039282
Category : Business & Economics
Languages : en
Pages : 201
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Book Description
Title closing is the time when a real estate transfer or purchase transaction is completed. Specific terminology may vary by region and other common terms used to describe this transaction include closing escrow or holding a settlement meeting. Regardless of terminology, the results of the closing are the same, a completed real estate transfer where all contractual items are fulfilled and both parties? obligations are legally settled. These transfers often require the services of a trained real estate settlement agent.It is the job of the settlement agent to confirm that all details specific to the transaction, contingencies written into the sales contract and requirements for close as detailed within the closing instructions are met by the parties involved in the transaction. The coursework will assist you in gaining a better understanding of the tasks you may perform in relationship to the closing. The chapters outline the actions and tasks that may occur outside of your realm but have an impact on your closing. The closing of a real estate transaction is a complex matter that requires the services of a trained professional. This coursework is designed to assist you in gaining these fundamental skills. The arena of real estate settlement provides a stable career opportunity unsurpassed by other career options. Congratulations on your decision to obtain all of the fundamental knowledge and skills you will require to enter the stable and lucrative field of real estate settlement services. Obtaining this coursework is the first step on the pathway to career stability and success!
Author: S. K. Kenney
Publisher:
ISBN: 9781933039787
Category :
Languages : en
Pages : 154
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Book Description
This companion study workbook for S.K. Kenney's real estate closing settlement agent basic training program helps to give you the tools that you need to master the material and gain the knowledge and skills essential to success within the field of real estate settlement. The study workbook contains a series of flash card study aids designed to assist you in retaining the core knowledge found within the coursework and a grouping of assessments that help you to gauge your mastery of each critical section of the materials.
Author: S. K. Kenney
Publisher: Eiram Publishing
ISBN: 1933039213
Category : Business & Economics
Languages : en
Pages : 159
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Book Description
Title closing is the time when a real estate transfer or purchase transaction is completed. Specific terminology may vary by region and other common terms used to describe this transaction include closing escrow or holding a settlement meeting. Regardless of terminology, the results of the closing are the same, a completed real estate transfer where all contractual items are fulfilled and both parties' obligations are legally settled. These transfers often require the services of a trained real estate settlement agent. The purpose behind having a trained settlement agent oversee the closing process is to provide an impartial third party who will finalize all of the transaction details. This ensures that the transaction is closed in a fair manner and that all parties fulfill their contractual obligations. The title used to describe a settlement agent may also vary by region. Closing agent or escrow agent are commonly heard titles used in relationship to this position. The career of a Real Estate Settlement Agent can be both rewarding and lucrative. This coursework is designed to assist you in gaining the knowledge, tools, and skills that you need to begin on the path to career success as a Real Estate Closing Settlement Agent.
Author: Sandy Gadow
Publisher: McGraw-Hill
ISBN: 9780071400350
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
A PAPERBACK ORIGINAL The first simple guide to understanding the real estate closing process Closing and escrow are among the most importantand least understoodcomponents of a real estate transaction. The Complete Guide to Your Real Estate Closing takes the mystery out of the confusing, expensive process by giving real estate professionals, investors, and consumers a step-by-step explanation. In simple, everyday language, the book explains closing documents and paperwork, what to do when something goes wrong, mortgage options, how to save money on title insurance, problems that can occur on a title report, and much more. With sample forms, work sheets, and more, this sophisticated but accessible book covers: Insider tips on how to save moneyfrom a closing professional Who does what: the real estate agent, lender, title company, closing officer, attorney State-specific information for all 50 states
Author: Sandy Gadow
Publisher: McGraw Hill Professional
ISBN: 9780071423298
Category : Business & Economics
Languages : en
Pages : 298
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Book Description
A PAPERBACK ORIGINAL The first simple guide to understanding the real estate closing process Closing and escrow are among the most importantand least understoodcomponents of a real estate transaction. The Complete Guide to Your Real Estate Closing takes the mystery out of the confusing, expensive process by giving real estate professionals, investors, and consumers a step-by-step explanation. In simple, everyday language, the book explains closing documents and paperwork, what to do when something goes wrong, mortgage options, how to save money on title insurance, problems that can occur on a title report, and much more. With sample forms, work sheets, and more, this sophisticated but accessible book covers: Insider tips on how to save moneyfrom a closing professional Who does what: the real estate agent, lender, title company, closing officer, attorney State-specific information for all 50 states
Author: Peat, Marwick, Mitchell & Co
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 748
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Book Description
Author: Jacqueline M. Hudkins
Publisher:
ISBN: 9781683453956
Category :
Languages : en
Pages : 0
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Book Description
Author: Sandy Gadow
Publisher:
ISBN: 9780965291712
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
Author: Brian Icenhower
Publisher: John Wiley & Sons
ISBN: 1119801877
Category : Business & Economics
Languages : en
Pages : 274
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Book Description
Transform your real estate business into a sales powerhouse In The High-Performing Real Estate Team, experienced real estate coach Brian Icenhower shares the systems and secrets of top real estate agents and brokerages. The book offers actionable systems and processes that can be immediately implemented to take you, your fellow agents, and your team or brokerage to the next level. Focusing on the 20% of activities that drive expansion, this book shows you how to create renewed enthusiasm, productivity, engagement, and exponential growth at your real estate team. With this book, you will: Discover how to create a viral goal that spreads throughout your team and drives change Learn to focus on core activities that result in the majority of your growth and productivity Cultivate personal responsibility with public accountability and accelerate growth with a custom team dashboard that measures metrics for success Written for real estate agents, teams, brokerages and franchise owners, The High-Performing Real Estate Team is an indispensable resource that will guide you toward growth while providing you with the resources and downloadable materials to reach your goals faster.
Author: Sahr Nadeem
Publisher: Createspace Independent Publishing Platform
ISBN: 9781981575824
Category :
Languages : en
Pages : 434
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Book Description
This course provides an introduction to real estate finance. From qualifying the borrower and qualifying the property in the underwriting process to various types of financing, closing the sale, the Community Reinvestment Act and more, we discuss the monetary systems that control the market, delve into supply and demand, cover housing agencies, and discuss the government influence on real estate. Most real estate is purchased with borrowed money. The methods of real estate finance are many and varied. Making real estate loans carries a certain amount of risk for lenders; for this reason, lenders must have a firm grasp of a borrower's financial qualifications. Lenders consider a borrower's income, credit, debt, source of funds, and net worth. However, no analysis, no matter how thorough, of a borrower's creditworthiness, can be enough to ensure that a loan is completely free of risk. You will learn the methods used by lenders to qualify loan applicants and how lenders qualify the property to be mortgaged. This involves a thorough and accurate property valuation, using the sales comparison or cost approach for residential property and a cap rate or discounted cash flow analysis for investment property. These methods of valuation will be discussed in depth so that you will feel confident and familiar with them when you meet them in the real world. The basics of the financing and the sale process are discussed over two lessons. You will learn how title (abstract ownership rights to the property) is transferred to the buyer with a deed. The earnest money contract will also be discussed: terms of the contract, contingencies, and earnest money deposits. In another lesson, the focus turns to closing. You will learn the customary costs involved in a real estate transaction, how certain items are prorated between the buyer and the seller and the requirements set forth by the Real Estate Settlement Procedures Act (RESPA). This course also covers foreclosure. We consider what happens when a borrower is in default of the mortgage contract and how lenders may help borrowers prevent foreclosure through forbearance, moratoriums, and recasting. Also discussed is how, when these techniques fail, the property is foreclosed and sold at auction and how the creditors are repaid.No real estate finance course would be complete without discussing the types of mortgages available. We have two lessons that will detail the elements of conventional loans, both conforming and nonconforming; adjustable rate; graduated payment; growth equity; and reverse annuity mortgages, to name a few. The advantages and disadvantages of each type of financing are emphasized so that you may better understand the decision-making process inherent in real estate finance. Two specific types of financing, FHA-insured and VA-guaranteed loans, are reserved for separate lessons. FHA loans are insured by the government and perceived as less risky by lenders. They are available to all natural and naturalized U.S. citizens, but they carry a monthly insurance premium that cannot be canceled. VA loans are guaranteed in part by the government, but are available only to veterans, active servicemen, and certain National Guard members and special reservists. The final lesson deals with a topic important to real estate investment: Internal Revenue Code (IRC) Section 1031 exchanges (a k a 1031s). Buying and selling real estate investments can be a tax-heavy business. By "exchanging" their investments under the continuity of investment principle, investors can receive more financing and improve their portfolios. At the end of each lesson, you will be required to complete a quiz for that lesson before moving on to the next lesson. The course ends with a real-world practice lesson that brings together the concepts and material discussed throughout the entire course.
